thiefofsats on Nostr: This week's recap, BTC 4h. After a bullish week Bitcoin has finally set a "higher ...
This week's recap, BTC 4h.
After a bullish week Bitcoin has finally set a "higher high" since following the declining trend from the ATH. We're closing the week with a strong rejection in the $66,500 rang. Since it's Friday we might see a little relief from signalling overbought across the board.
Expected support levels are 64k and 62k respectively on the bearish side. For the bulls we want to see a move above 65k but hopefully with a pullback first to take pressure of the market.
Disclaimer: The longs from 57k and 61k got closed last night with a re-entry floating at $66,805 in case we do not get said relief over the weekend.
Published at
2024-05-17 14:08:12Event JSON
{
"id": "a88debd53bb61fda1d470d20bd139f74a901a2b0a2b5302c0b4779a9f4bec8ec",
"pubkey": "e878c0928d466aaa0ef002af9692ff44176da81e7b991d53c21ced8231e5bfa4",
"created_at": 1715954892,
"kind": 1,
"tags": [],
"content": "This week's recap, BTC 4h.\nAfter a bullish week Bitcoin has finally set a \"higher high\" since following the declining trend from the ATH. We're closing the week with a strong rejection in the $66,500 rang. Since it's Friday we might see a little relief from signalling overbought across the board.\n\nExpected support levels are 64k and 62k respectively on the bearish side. For the bulls we want to see a move above 65k but hopefully with a pullback first to take pressure of the market.\n\nDisclaimer: The longs from 57k and 61k got closed last night with a re-entry floating at $66,805 in case we do not get said relief over the weekend.\nhttps://image.nostr.build/8a7968e3e26cc36d1e5e847a638963e03dff4c22b8c0d3e9307a705ab080859c.png",
"sig": "17d37f5f5f8b39586d06992ed5287b1f4f324ba7f19538aa59f7ad4a8a54e45f5da9263919dd5f856a79d09ddcf8fa138506c7aadb90ea2de3305fffe632d627"
}
